Whitehaven Coal output jumps following mine acquisitions

The Daunia Mine mainly produces megallurgical coal for steelmaking. (Image: Whitehaven Coal)

Fri, 25 Oct 2024

By Rhiannon Hoyle Whitehaven Coal says it produced 62% more coal in its first fiscal quarter and that sales surged by more than 80% after it acquired two mines in eastern Australia.The miner also said its production costs are tracking at the low end of full-year guidance as it targets cost-cutting and productivity improvements at its newest operations.In April, Whitehaven bought the Blackwater and Daunia mines, which had been jointly owned by BHP Group and Japan’s Mitsubishi and mostly produce metallurgical coal.Whitehaven has sought...

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